Collins & Aikman Senior Notes were sold during the quarter. The realized loss on the Collins & Aikman investments was approximately $150 million, the largest loss ever incurred by the Fund in its 17-year history. TAVF management simply misanalyzed the situation. The company’s free fall into Chapter 11 and the loss of support from its three principal customers – General Motors, Ford, and Chrysler – was at a materially faster rate than Fund management thought would be the case. Also, Collins & Aikman’s exit from bankruptcy was not fast enough to avoid the feeding frenzy perpetrated by the professionals, i.e., lawyers and investment bankers. With hindsight, this seems to have been pretty stupid on our part. Fund management should have known better – especially given the fact that (i) the Fund has been relatively close to Toyota Industries for 10 years and owns approximately $675 million of the Company’s Common; and (ii) it is not like we lack experience in restructuring proceedings.
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These public domain voice over scripts are available as a resource for voice actors to practice. They have been compiled by talent just like you who are working together to make the voice over industry better for everyone. Since these scripts are widely available, we suggest not using them for a demo but they are great for practice! View all voice over script categories
